CF Bankshares Inc. (NASDAQ:CFBK) Sees Significant Increase in Short Interest

CF Bankshares Inc. (NASDAQ:CFBK) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 62,335 shares, a growth of 33.2% from the November 30th total of 46,787 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 44,922 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 44,922 shares, the short-interest ratio is currently 1.4 days. Approximately 1.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CFBK. Weiss Ratings lowered CF Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Zacks Research downgraded shares of CF Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Wall Street Zen lowered shares of CF Bankshares from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $29.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC purchased a new position in CF Bankshares during the 3rd quarter worth $29,000. Russell Investments Group Ltd. bought a new position in shares of CF Bankshares during the 3rd quarter worth $29,000. Bank of America Corp DE increased its stake in shares of CF Bankshares by 1,305.7% during the second quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock valued at $41,000 after buying an additional 1,606 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of CF Bankshares in the second quarter valued at about $44,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of CF Bankshares in the second quarter valued at about $50,000. Institutional investors own 41.06% of the company’s stock.

CF Bankshares Stock Performance

CFBK stock opened at $25.07 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.65. The business’s fifty day simple moving average is $23.95 and its two-hundred day simple moving average is $24.05. CF Bankshares has a twelve month low of $19.22 and a twelve month high of $27.46. The firm has a market cap of $159.70 million, a price-to-earnings ratio of 10.07 and a beta of 0.47.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings results on Monday, November 3rd. The savings and loans company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.48). The company had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.88 million. CF Bankshares had a return on equity of 9.23% and a net margin of 12.78%.

CF Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Monday, October 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, October 10th. CF Bankshares’s dividend payout ratio is currently 12.85%.

About CF Bankshares

CF Bankshares, Inc is a bank holding company headquartered in Wichita, Kansas. Through its primary subsidiary, Community First Bank, Wichita, N.A., the company provides a broad range of financial services to individuals, businesses and agricultural clients. CF Bankshares emphasizes community-oriented banking, combining local market knowledge with a personalized approach to customer relationships.

The company’s offerings include traditional deposit accounts such as checking, savings and money market products, along with a variety of commercial and consumer lending solutions.